Comment on: Algae front-runner GreenFuel slashes staff

[investinscum]

Greenfuel has laid off key management including the VP of Engineering. The project in Spain was always planned on being outsourced. The truth is they lost a lion's share of the 92 million that they purport on the company website. Truly a dysfunctional company, where upper management just does not know what is going on in the trenches. They lacked professionalism, tact, and plain courtesy when dealing with customers and employees. Anyone thinking of investing in this company need only to look at the track record of continued failures. Biodiesel can and will be made from algae in the future, Greenfuel will not be the one to do it. In the last 5 months; before any layoffs, there were resignations from 4 key staff scientists. They heard the rhetoric from upper management but could see the hard facts in science. Greenfuel will pander for more investors and good luck investing in algal scum. The company also was rife with gross nepotism.